KLCI Stock - BJTOTO / 1562 - 2012 Quarter 2

BERJAYA SPORTS TOTO BERHAD

Company Description

Berjaya Sports Toto Berhad (BToto) is principally engaged in investment holding and provision of management services to its subsidiary companies. The Company, along with its subsidiaries, is principally engaged in the operations of Toto betting; leasing of online lottery equipment; manufacture and distribution of computerized lottery and voting systems; property investment and development, and investment holding. The Company operates in two segments: toto betting and leasing of lottery equipment, and others, which includes property investment and development, investment holding, and manufacture and distribution of computerized lottery and voting systems. On September 5, 2008, the Company incorporated a wholly owned subsidiary, Berjaya-ILTS Limited. In May 2009, the Company, through its subsidiary Berjaya Sports Toto (Cayman) Limited (BSTC), acquired 6.81% interest in Prime Gaming Philippines, Inc.

Company Info

Listing Date	1972-05-04
Market Capital (Capital Size)	5,958,042,617 (Very Large)
Par Value	RM 0.10
Board	Main
Sector	Trading/Services
Major Industry	Gaming
Sub Industry	Diversified Business
Website	http://www.berjaya.com/

My Analysis

Forecast P/E now	(4.41-0.25)/0.3106 = 13.39 (Moderate)
Target Price	4.66+0.25 = 4.91 (PE 15.0, EPS 0.3106, DPS 0.25)
Decision	BUY if stock price below SMA20 and got stronger buying volume than selling
Comment	Revenue increased 2% and also higher than preceding year corresponding quarter 2%, eps increased 14.7% and also higher than preceding year corresponding quarter 62.2%, cash generated from operating enough to cover all expenses, slightly weaker liquidity ratio at low level now, higher gearing ratio at high level now, all accounting ratio are good
First Support Price	4.3
Second Support Price	4.0
Risk Rating	LOW

Research House

AMMB Target Price	4.7 (2011-06-21)
CIMB Target Price	4.75 (2011-06-21)
HwangDBS Target Price	4.25 (2011-06-21)
RHB Target Price	5.15 (2011-06-21)
TA Target Price	4.92 (2011-06-21)
ECM Target Price	5.2 (2011-09-22)
OSK Target Price	4.72 (2011-09-29)
Maybank Target Price	4.85 (2011-12-13)
HLG Target Price	4.92 (2012-01-12)

Accounting Ratio

Return on Equity	84.23%
Dividend Yield	5.67%
Profit Margin	17.25%
Tax Rate	27.84%
Asset Turnover	2.323
Net Asset Value Per Share	0.38
Net Tangible Asset per share	-0.1
Price/Net Tangible Asset Per Share	-41.0
Cash Per Share	0.35
Liquidity Current Ratio	1.4826
Liquidity Quick Ratio	1.4552
Liquidity Cash Ratio	1.1962
Gearing Debt to Equity Ratio	1.8623
Gearing Debt to Asset Ratio	0.6386
Working capital per thousand Ringgit sale	5.5%
Days to sell the inventory	1
Days to collect the receivables	11
Days to pay the payables	46

Technical Analysis

SMA 20	4.417 (Uptrend 36 days)
SMA 50	4.263 (Uptrend)
SMA 100	4.195 (Uptrend)
SMA 200	4.157 (Uptrend)
MACD	0.077664 (Downtrend 1 day)
MACD Histogram	0.003926 (Uptrend 33 days)

My notes based on 2012 quarter 2 report (number in '000):-
- Higher revenue than FY11Q2 mainly attributed to the results of Sports Toto and Berjaya Philippines Inc. group

- Higher revenue than FY12Q1 mainly attributed to the results of Sports Toto despite lower revenue from Berjaya Philippines Inc. group

- Higher pbt mainly attributed to higher revenue in current quarter and higher prize payout from Sports Toto in the corresponding period despite marginal drop in pre-tax profit of Berjaya Philippines Inc. group

- Estimate next 4Q eps after 2012 Q2 result announced = (0.0689+0.079)*2*1.05 = 0.3106, estimate PE on current price 4.41 = 13.39(DPS 0.25)
- Estimate next 4Q eps after 2012 Q1 result announced = (0.0689+0.0779)*2 = 0.2936, estimate highest/lowest PE = 14.2/13.15 (DPS 0.21)
- Estimate next 4Q eps after 2011 Q4 result announced = 0.0779*4 = 0.3116, estimate highest/lowest PE = 13.83/12.2 (DPS 0.18)
- Estimate next 4Q eps after 2011 Q3 result announced = (0.0859+0.0487)*2*1.05 = 0.2827, estimate highest/lowest PE = 15.53/13.76 (DPS 0.18)
- Estimate next 4Q eps after 2011 Q2 result announced = 0.0487*4*1.05 = 0.2045, estimate highest/lowest PE = 21.27/18.97 (DPS 0.16)
- Estimate next 4Q eps after 2011 Q1 result announced = 0.2889*0.8 = 0.2311, estimate highest/lowest PE = 17.83/17.05 (DPS 0.16)
- Estimate next 4Q eps after 2010 Q4 result announced = 0.2889*0.9 = 0.26(10% drop), estimate highest/lowest PE = 16.19/14.58 (DPS 0.27)
- Estimate next 4Q eps after 2010 Q3 result announced = 0.0729*4 = 0.2916, estimate highest/lowest PE = 15.09/13.34 (DPS 0.27)
- Estimate next 4Q eps after 2010 Q2 result announced = 0.0762*4 = 0.3048, estimate highest/lowest PE = 13.65/12.53 (DPS 0.29)
- Estimate next 4Q eps after 2010 Q1 result announced = 0.0797*4 = 0.3188, estimate highest/lowest PE = 12.21/12.08 (DPS 0.29)
- Estimate next 4Q eps after 2009 Q4 result announced = 0.0854*4 = 0.3416, but this is too high, so use last 3 years average eps = (0.3268+0.276+0.2905)/3 = 0.2978, estimate highest/lowest PE = 16.66/13.26 (DPS 0.29)
- Estimate next 4Q eps after 2009 Q3 result announced = 0.0773*4 = 0.3092, estimate highest/lowest PE = 15.33/13.97 (DPS 0.26)

BJTOTO latest news (English)

BJTOTO latest news (Chinese)



Financial Quarter Summary

a_date	year	qrt	h_price	l_price	div	roe	c_roe	rev	c_rev	pbt	c_pbt	prof	c_prof	eps	c_eps	asset	liab	mino	equi	cfo	cfi	cff	cash	fcf	net	final	share	c_share	m_cap	date	prof_m	vat	asset_t	pe	navps	ntaps	p/ntaps	cps	l_cur	l_qui	l_cash	g_de	g_da	avg_w	inv_d	rec_d	pay_d
2011-12-12	2012	2	N/A	N/A	0.08	19.63%	36.73%	862371	1708181	148785	278892	105673	197777	0.0790	0.1479	1489763	951334	27584	538429	268902	7609	242415	452916	261293	18878	471794	1337500	1337500	5483750	2011-10-31	17.25%	27.84%	2.323	-	0.38	-0.1	-41.0	0.35	1.4826	1.4552	1.1962	1.8623	0.6386	5.5%	1	11	46
2011-09-21	2012	1	4.38	4.07	0.08	17.26%	17.26%	845810	845810	130107	130107	92104	92104	0.0689	0.0689	1455515	921870	26277	533645	118185	1976	134160	450788	120161	13999	436789	1337500	1337500	5818125	2011-07-31	15.38%	27.93%	2.3662	-	0.38	-0.1	-43.5	0.33	1.5182	1.4975	1.1942	1.817	0.6334	5.5%	1	12	42
2011-06-20	2011	4	4.49	3.98	0.03	21.79%	72.81%	901308	3433659	148078	505909	104185	348098	0.0779	0.2603	1446308	968217	23723	478091	391704	9102	189240	256208	382602	193362	449570	1337500	1337500	6045500	2011-04-30	16.43%	28.72%	2.3741	17.3672	0.34	-0.14	-32.29	0.34	1.3207	1.3063	1.0936	2.1309	0.6694	3.9%	1	9	49
2011-03-15	2011	3	4.57	4.07	0.06	25.71%	54.58%	851166	2532351	161493	357831	114875	243913	0.0859	0.1824	1328533	881663	22291	446870	266413	8781	186339	256646	257632	71293	327939	1337500	1337500	5470375	2011-01-31	18.97%	27.11%	2.5522	-	0.32	-0.16	-25.56	0.25	1.4557	1.4339	1.015	2.0766	0.6636	4.4%	1	15	39
2010-12-10	2011	2	4.51	4.04	0.04	16.83%	33.38%	845790	1681185	97740	196338	65082	129038	0.0487	0.0965	1275590	888976	19219	386614	126071	6842	119030	257006	119229	199	257205	1337500	1337500	5523875	2010-10-31	11.56%	31.24%	2.6578	-	0.27	-0.21	-19.67	0.2	1.2654	1.2444	0.7813	2.4197	0.6969	2.6%	1	16	39
2010-09-20	2011	1	4.28	4.1	0.08	15.28%	15.28%	835395	835395	98598	98598	63956	63956	0.0478	0.0478	1285231	866708	15891	418523	112932	5633	64610	257150	107299	42689	299839	1337500	1337500	5497125	2010-07-31	11.80%	33.82%	2.6466	-	0.3	-0.18	-22.83	0.23	1.2079	1.1845	0.8415	2.1526	0.6744	2.2%	1	13	42
2010-06-18	2010	4	4.48	4.06	0.08	17.41%	82.55%	858294	3392810	117321	548188	80895	383504	0.0612	0.2902	1231584	767033	15074	464551	449161	107675	311601	227577	341486	29885	257462	1321318	1321318	5853438	2010-04-30	13.67%	29.18%	2.7544	15.263	0.34	-0.15	-29.53	0.2	0.8315	0.8129	0.5751	1.7065	0.6228	-2.3%	1	11	36
2010-03-15	2010	3	4.67	4.16	-	25.51%	78.45%	850759	2534029	139259	428834	97851	300847	0.0729	0.2286	1249223	865714	12521	383509	346970	89077	235881	229447	257893	22012	251459	1341727	1316100	5863346	2010-01-31	16.37%	29.15%	2.7252	-	0.28	-0.21	-20.81	0.19	0.7792	0.7647	0.4909	2.3335	0.693	-3.4%	1	15	34
2009-12-10	2010	2	4.45	4.11	-	32.46%	64.26%	857105	1683270	147437	289575	102544	202996	0.0762	0.1558	1197812	881897	10624	315915	223356	31112	154263	228830	192244	37981	266811	1345698	1303286	5651931	2009-10-31	17.20%	29.95%	3.0149	-	0.23	-0.26	-16.15	0.2	0.6735	0.6582	0.497	2.8887	0.7363	-4.9%	1	7	28
2009-09-09	2010	1	4.5	4.14	0.19	46.47%	46.47%	826165	826165	142138	142138	100452	100452	0.0797	0.0797	1123566	907384	9784	216182	120824	32677	92396	230263	88147	4249	226014	1260875	1260875	5446980	2009-07-31	17.20%	28.67%	3.2895	-	0.16	-0.35	-12.34	0.18	0.5586	0.5421	0.4517	4.3963	0.8076	-6.1%	1	4	28
2009-06-15	2009	4	5.35	4.24	0.11	21.50%	82.28%	870333	3695686	150813	585328	107249	410493	0.0854	0.3268	1114474	615568	15959	498906	490282	35660	354700	130553	454622	99922	230475	1256000	1256000	6229760	2009-04-30	17.33%	27.18%	3.3161	15.1763	0.38	-0.11	-45.09	0.19	0.6723	0.6557	0.5251	1.2746	0.5523	-4.0%	1	5	33
2009-03-16	2009	3	5.05	4.56	0.05	21.55%	67.30%	1057663	2825353	141420	434515	97112	303244	0.0773	0.2414	1125776	675203	15790	450573	382341	21706	278059	133212	360635	82576	215788	1256000	1256000	5878080	2009-01-30	13.37%	30.38%	3.2797	-	0.35	-0.15	-31.2	0.17	0.631	0.6159	0.437	1.553	0.5998	-5.0%	1	8	29
2008-12-12	2009	2	4.82	4.5	0.07	27.29%	49.45%	941788	1767690	162396	293095	113742	206132	0.0906	0.1641	1058567	641701	16525	416866	304050	9470	243277	129626	294580	51303	180929	1256000	1256000	5702240	2008-10-31	17.24%	28.57%	3.3026	-	0.32	-0.17	-26.71	0.15	0.6015	0.5832	0.4238	1.6029	0.6062	-4.9%	1	5	32
2008-09-08	2009	1	4.8	4.04	0.06	25.86%	25.86%	825902	825902	130699	130699	92390	92390	0.0736	0.0736	1039729	682498	20368	357231	100836	5147	69825	126122	95689	25864	151986	1256000	1256000	5752480	2008-07-31	15.83%	28.10%	3.2188	-	0.27	-0.22	-20.82	0.12	0.5391	0.5179	0.3496	2.026	0.6564	-6.0%	1	6	37
2008-06-18	2008	4	4.94	4.4	0.09	17.17%	98.51%	866831	3277797	93929	502627	60762	348663	0.0483	0.2760	1024188	670268	23244	353920	344898	72806	537956	246720	417704	120252	126468	1256858	1263438	6183741	2008-04-30	10.84%	29.89%	3.2004	17.8284	0.26	-0.23	-21.39	0.1	0.5984	0.5772	0.3467	2.027	0.6544	-4.5%	1	8	32
2008-03-05	2008	3	5.3	4.66	0.08	25.70%	75.37%	861477	2410946	148054	408698	98158	287901	0.0779	0.2275	1078717	696745	19834	381972	298160	81549	447246	248307	379709	67537	180770	1260824	1265584	6178037	2008-01-31	17.19%	32.16%	3.0039	-	0.29	-0.2	-24.5	0.14	0.7339	0.7047	0.4842	1.924	0.6459	-3.1%	1	8	28
2007-12-07	2008	2	5.5	4.8	0.08	24.28%	51.50%	792471	1549469	119206	260644	89470	189743	0.0709	0.1496	1089460	721015	14792	368445	182737	83354	330427	247483	266091	64336	183147	1261574	1267964	6370948	2007-10-31	15.04%	23.72%	2.8912	-	0.28	-0.21	-24.05	0.15	0.7801	0.748	0.4936	2.0388	0.6618	-2.6%	2	9	26
2007-09-10	2008	1	5.15	4.8	0.1	26.50%	25.77%	756998	756998	141438	141438	103129	100273	0.0809	0.0787	1241120	852002	12467	389118	146828	83695	111557	247574	230523	118966	366540	1274380	1274380	6346412	2007-07-31	18.68%	25.96%	1.8994	-	0.3	-0.19	-26.21	0.29	0.9389	0.9162	0.7822	2.262	0.6865	-1.2%	2	9	56
2007-06-28	2007	4	N/A	N/A	0.075	21.49%	87.68%	829361	3035288	149001	545332	92094	375687	0.0719	0.2905	1213235	784771	10179	428464	464836	459781	1336640	658883	924617	412023	246860	1280530	1293140	5736774	2007-04-30	17.97%	37.99%	1.3191	15.4205	0.32	-0.15	-29.87	0.2	1.1242	1.0967	0.6837	1.8762	0.6468	2.9%	3	33	58
2007-03-07	2007	3	N/A	N/A	0.125	21.98%	53.27%	770981	2204995	152039	396660	117338	284352	0.0906	0.2196	1342061	808275	13124	533786	352463	467225	1119363	659826	819688	299675	360151	1294730	1294730	5981652	2007-01-31	19.72%	22.48%	0.5745	-	0.4	-0.07	-66.0	0.29	1.5352	1.5056	1.0355	1.5524	0.6023	25.3%	6	77	138

Financial Quarter Balance Sheet

year	qrt	Deferred tax assets (A-0)	Intangible assets (A-0)	Investment in associated companies (A-0)	Investment properties (A-0)	Other investments (A-0)	Prepaid lease payments (A-0)	Property, plant and equipment (A-0)	Amount due from associated companies (A-1)	Cash and cash equivalents (A-1)	Current asset classified as held for sales (A-1)	Current tax assets (A-1)	Deposits with licensed banks (A-1)	Inventories (A-1)	Other investments (A-1)	Other receivables (A-1)	Commercial papers and medium term notes (L-0)	Deferred income (L-0)	Deferred liabilities (L-0)	Deferred tax liabilities (L-0)	Loans & borrowings (L-0)	Other liabilities (L-0)	Other long-term provisions (L-0)	Retirement benefits obligations (L-0)	Amount due to associated companies (L-1)	Current tax liabilities (L-1)	Dividend payable (L-1)	Loans & borrowings (L-1)	Other payables (L-1)	Provision for liabilities (L-1)	Minority interest (M-1)
2012	2	10718	643999	2284	87168	26442	-	132508	-	471794	-	58	-	10841	1535	102416	550000	-	-	3095	-	733	-	1815	-	38285	-	-	357326	80	27584
2012	1	10700	643155	2230	80776	28882	-	133518	-	436789	-	57	-	7579	738	111091	550000	-	-	3065	-	801	-	1622	-	32162	-	-	334149	71	26277
2011	4	8820	642757	2238	80776	30745	-	135900	-	449897	-	61	-	5919	1483	87712	550000	-	-	3065	-	867	-	1556	-	23475	-	-	389162	92	23723
2011	3	7813	643037	3144	78593	28343	-	91787	-	327939	-	81	-	7133	3821	136842	550000	13	-	2129	-	930	-	1729	-	21553	-	-	305220	89	22291
2011	2	7055	644138	3205	78551	25113	-	94693	-	257205	889	5991	-	7027	3879	147844	550000	25	-	2129	-	1005	-	1670	-	27072	-	-	307022	53	19219
2011	1	10331	643323	3284	74231	23112	-	93696	-	299839	1100	5998	-	8480	4784	117053	-	39	-	2129	500000	1052	-	1489	-	35084	-	-	326803	112	15891
2010	4	9674	643986	3571	74231	23119	-	96701	-	257462	1100	5999	-	8476	5566	101699	-	-	-	2129	305000	1111	-	1402	-	34227	-	145000	278030	134	15074
2010	3	8813	644907	171	73606	20088	2677	93227	-	251459	-	6005	-	7561	4155	136554	-	-	36882	1710	305000	-	-	1399	-	46338	-	215000	259306	79	12521
2010	2	6502	644170	164	73606	16214	2686	92881	-	266811	-	14775	-	8241	-	71762	-	-	36891	1710	305000	-	-	1426	-	60239	-	247500	229015	116	10624
2010	1	6523	645056	164	73166	16033	2696	96545	-	226014	-	8445	-	8394	3135	37395	-	-	37772	1710	359247	-	-	1388	-	44714	-	225753	236677	123	9784
2009	4	5214	618358	164	73166	13204	2705	98362	-	230475	-	8443	-	7471	6429	50483	-	-	37147	1710	124247	-	-	1308	-	36159	-	138439	276483	75	15959
2009	3	4236	619955	165	73552	12986	2715	98604	-	215788	-	12440	-	7525	1390	76420	-	-	35148	1917	140000	-	-	1216	-	50940	65940	130000	249948	94	15790
2009	2	786	618341	165	73552	10751	2724	93528	-	180929	-	18920	-	7873	1350	49648	-	-	35018	2991	172500	-	-	1094	-	41015	-	127500	261388	195	16525
2009	1	847	618222	165	73552	13956	2734	93971	-	151986	-	18878	-	9267	1237	54914	-	-	35132	2991	205000	-	-	1047	-	25855	-	125000	286178	1295	20368
2008	4	858	618425	165	71205	14993	2743	94910	-	-	-	16627	126173	7832	1794	68463	-	-	34992	2473	262686	-	-	1004	-	25674	-	97314	244785	1340	23244
2008	3	1779	620518	165	68344	16104	2790	95031	-	-	-	14182	180770	10896	-	68138	-	-	50688	1717	270000	-	1020	-	-	47307	-	120000	205618	395	19834
2008	2	1405	619250	165	68344	18127	-	92744	-	-	-	14359	183147	11914	-	80005	-	-	47350	1717	300000	-	920	-	-	66456	-	117500	186855	217	14792
2008	1	1402	619162	165	68344	17316	-	93227	-	-	-	7779	366540	10634	1284	55267	-	-	47482	3400	330000	-	864	-	134	63809	-	115000	290707	606	12467
2007	4	1468	617810	165	68031	13231	-	92132	75056	-	1062	10444	246860	10284	8811	67881	-	-	46639	3400	360000	-	774	-	605	54673	-	112500	205348	832	10179
2007	3	407	608087	167	67927	14282	-	92217	93924	22318	-	7910	337833	10761	16898	69330	-	-	46391	5069	390000	-	2700	-	47	20424	-	110000	233644	-	13124

Financial Quarter Income Statement

year	qrt	Revenue	Income tax expense	Finance/interest costs	Administrative/Operating expenses	Minority interest	Share of profit/ (loss) of associates	Investment gain/loss
2012	2	862371	41426	7712	709231	1686	54	3303
2012	1	845810	36344	7661	711180	1659	8	3146
2011	4	901308	42533	7467	745584	1360	908	729
2011	3	851166	43781	7713	684321	2837	59	2420
2011	2	845790	30532	7246	742524	2126	78	1798
2011	1	835395	33341	13449	724749	1301	288	1689
2010	4	858294	34238	6711	737271	2188	12	3021
2010	3	850759	40597	7296	705422	811	-	1218
2010	2	857105	44151	7926	703227	742	-	1485
2010	1	826165	40754	3455	684315	932	-	3743
2009	4	870333	40995	3440	715546	2569	1	533
2009	3	1057663	42960	3861	915659	1348	-	3277
2009	2	941788	46393	4211	773362	2261	-	1819
2009	1	825902	36720	4599	693108	1589	-	2504
2008	4	866831	28079	5052	768056	5088	-	206
2008	3	861477	47608	5570	707562	2288	-	291
2008	2	792471	28281	6089	670490	1455	-	3314
2008	1	756998	36720	5719	616575	1589	-	6734
2007	4	829361	56601	6711	676648	306	0	2999
2007	3	770981	34185	6790	618466	516	-	6314

Financial Quarter Segments Revenue

year	qrt	Others	Toto betting and leasing of lottery equipment
2012	2	6270	856101
2012	1	5618	840192
2011	4	5207	896101
2011	3	6557	844609
2011	2	6757	839033
2011	1	6080	829315
2010	4	10312	847982
2010	3	3060	847699
2010	2	2466	854639
2010	1	2338	823827
2009	4	3489	866844
2009	3	2703	1054960
2009	2	5037	936751
2009	1	4334	821568
2008	4	17630	849201
2008	3	3224	858253
2008	2	3247	789224
2008	1	3417	753581
2007	4	810	828551
2007	3	556	770425

Financial Quarter Segments Profit

year	qrt	Others	Toto betting and leasing of lottery equipment
2012	2	2433	158681
2012	1	2485	139902
2011	4	2726	161594
2011	3	1378	171035
2011	2	873	107002
2011	1	2115	114870
2010	4	1953	121451
2010	3	3399	151892
2010	2	5947	162789
2010	1	2634	148934
2009	4	2933	160150
2009	3	4072	148561
2009	2	463	170246
2009	1	1903	136857
2008	4	7665	93465
2008	3	1857	158083
2008	2	2058	126213
2008	1	1440	143827
2007	4	10258	164441
2007	3	456	154243

Short form reference
a_date = announcement date, yr = financial year end, qrt = quarter
h_price = stock highest price during the quarter, l_price = stock lowest price during the quarter
div = dividend recommend or declare in the quarter, roe = return on equity
c_roe = cumulative of return on equity during the financial year
rev = revenue in the current quarter, c_rev = cumulative of revenue during the financial year
pbt = profit before tax in the current quarter, c_pbt = cumulative of profit before tax during the financial year
eps = earnings per share in the current quarter, c_eps = cumulative of earnings per share during the financial year
asset = total asset, liab = total liability, mino = minority interest, equi = total equity
cfo = net cash flow from operating activities, cfi = net cash flow from investing activities
cff = net cash flow from financing activities, cash = cash and cash equivalents as at beginning of financial year
final = cash and cash equivalents as at current financial period ended
share = diluted/basic weighted average number of ordinary shares
c_share = cumulative of diluted/basic weighted average number of ordinary shares during the financial year
m_cap = market capital at announcement date of quarterly report, date = current financial period ended date
prof_m = profit margin, vat = income tax rate, pe = price earning per share ratio of recent four quarter
navps = net asset value per share, ntaps = net tangible asset per share, cps = cash per share
l_cur = liquidity current ratio, l_qui = liquidity quick ratio, l_cash = liquidity cash ratio
g_de = gearing debt to equity ratio, g_da = gearing debt to assets ratio
avg_w = working capital per thousand Ringgit sale
inv_d = days to sell the inventory, rec_d = days to collect the receivables
pay_d = days to pay the payables



6-Months Historical Chart from shareinvestor.com

CURRENT

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●CHANGES IN SHAREHOLDING
●ANNUAL REPORTS

HISTORICAL

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●CHANGES IN SHAREHOLDING

ARCHIVES

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●CHANGES IN SHAREHOLDING

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1-Years Historical Chart from shareinvestor.com

5-Years Historical Chart from shareinvestor.com